Long Dollar

1 ביולי 2016

If May's low was the completion of wave 4 then we can expect another leg up in the Dollar index. The three targets presented would all suggest a mid channel completion for wave 5 of 3. As I expect Gold to run a little longer perhaps the Dollar will correct to test the channel again before shooting up for wave 3 of 5. Alternatively, wave 3 of 5 could have already started and as nothing seems to correlate as before it doesn't matter what Gold is doing.